Bank of Baroda Home Loan News - Apr 2021
- 2021-03-25 : Bank of Baroda reduced its home loan rates
With effect from 15 March 2021, Bank of Baroda revised its home loan rates. The new home loan rates start at 6.75%. - 2021-03-17 : BOB to focus on new digital platform to expand retail lending
Bank of Baroda is planning to expand its retail loans portfolio which include home, personal, LAP, gold, two-wheeler and car loans through a self made digital lending platform. The digital platform assesses credit risk through varied public and private data points like bank account statements, tax statements and consumption trends. - 2021-01-28 : Bank of Baroda reported Q3 net profit of ₹1,061 crore
Bank of Baroda posted a net profit of ₹1,061 crore backed by home, personal, car, two-wheeler and gold loans along with business and mudra loans for the third quarter ended December 31, 2020 as compared to a net loss of ₹1,407 crore due to a sharp reduction in provisioning for bad loans. Total income was lower at ₹20,664 crore as compared to ₹21,809 crore in the year earlier. - 2020-12-28 : BOB launches Digital Lending Platform
Bank of Baroda launched the Digital Lending Platform. The platform will allow to enables prospective customers to avail retail loan like home, personal, car, gold and two-wheeler and education loans digitally. The main objective of the initiative is to provide exceptional customer experience, personalized customer journeys and scale the lending business through digitization. - 2020-10-30 : Bank of Baroda Q2 profit surges 128%
Bank of Baroda reported a net profit of ₹1,679 crores for the quarter ending 30 September. Net interest income during the quarter grew by 6.8% to ₹7,508 crores. The consolidated net profit stood at ₹1,771 crores in the September quarter. Further, the advances backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans increased by 5.3%. CASA ratio increased to 39.78%, up by 190 bps year-on-year.
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